HankAtGlobexCorp

HankAtGlobexCorp t1_j6jfmy0 wrote

Not once have you made a compelling argument for the existence of brokers for an average apartment and you keep referring to them as a necessity, which I disagree with.

Property management companies provide a service that alleviates a burden for passive landlords. Brokers do nothing for a typical renter or landlord for that matter that wouldn’t be better folded into a long term management service.

I disagree with housing as a rent seeking activity and do not do so above costs of paying a mortgage, HOA dues, and expected upkeep.

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HankAtGlobexCorp t1_j6i4re2 wrote

Again, I understand the math. Brokers offer no value and tenant acquisition costs are a small fraction of a month’s rent in Boston. Adding a broker inherently makes the transaction more expensive for renters, directly or indirectly.

Rent seeking landlords and the scummy ecosystem around them are greedy parasites to a functioning city.

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HankAtGlobexCorp t1_j6i1m49 wrote

Landlords don’t have to pay that in fees. Brokers fees are solely propped up by insane rental demand in Boston. Rental markets in almost every other city in America do not suffer them.

I understand math and passing costs to the consumer, I’m arguing that brokers do nothing, charge exorbitant rates for doing nothing, and offer no long term value to renters or landlords.

You’re arguing from a place that brokers provide value and are a necessary part of the equation. They aren’t.

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